XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Cash and cash equivalents:      
Cash and due from banks $ 457,130us-gaap_CashAndDueFromBanks $ 229,901us-gaap_CashAndDueFromBanks $ 361,816us-gaap_CashAndDueFromBanks
Interest-bearing deposits with banks 7,696us-gaap_InterestBearingDepositsInBanks 7,456us-gaap_InterestBearingDepositsInBanks 4,690us-gaap_InterestBearingDepositsInBanks
Federal funds sold and securities purchased under agreements to resell 165,908us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell 180,512us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell 246,109us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell
Total cash and cash equivalents 630,734us-gaap_CashCashEquivalentsAndFederalFundsSold 417,869us-gaap_CashCashEquivalentsAndFederalFundsSold 612,615us-gaap_CashCashEquivalentsAndFederalFundsSold
Investment securities:      
Securities held to maturity (fair value of $10,232, $10,233, and $11,427, respectively) 9,659us-gaap_HeldToMaturitySecurities 9,659us-gaap_HeldToMaturitySecurities 10,891us-gaap_HeldToMaturitySecurities
Securities available for sale, at fair value 808,396us-gaap_AvailableForSaleSecurities 806,766us-gaap_AvailableForSaleSecurities 793,124us-gaap_AvailableForSaleSecurities
Other investments 9,031ssb_OtherInvestmentSecurities 10,518ssb_OtherInvestmentSecurities 10,518ssb_OtherInvestmentSecurities
Total investment securities 827,086us-gaap_MarketableSecurities 826,943us-gaap_MarketableSecurities 814,533us-gaap_MarketableSecurities
Loans held for sale 87,342us-gaap_LoansReceivableHeldForSaleNet 61,934us-gaap_LoansReceivableHeldForSaleNet 57,609us-gaap_LoansReceivableHeldForSaleNet
Loans:      
Loans, net 5,666,720us-gaap_LoansReceivableNet 5,680,688us-gaap_LoansReceivableNet 5,571,253us-gaap_LoansReceivableNet
FDIC receivable for loss share agreements 16,713us-gaap_FDICIndemnificationAsset 22,161us-gaap_FDICIndemnificationAsset 60,484us-gaap_FDICIndemnificationAsset
Other real estate owned (covered of $12,026, $16,227, and $29,003, respectively; non-covered of $24,070, $26,499, and $35,144, respectively) 36,096us-gaap_OtherRealEstateAndForeclosedAssets 42,726us-gaap_OtherRealEstateAndForeclosedAssets 64,147us-gaap_OtherRealEstateAndForeclosedAssets
Premises and equipment, net 171,565us-gaap_PropertyPlantAndEquipmentNet 171,772us-gaap_PropertyPlantAndEquipmentNet 187,127us-gaap_PropertyPlantAndEquipmentNet
Bank owned life insurance 99,751us-gaap_BankOwnedLifeInsurance 99,140us-gaap_BankOwnedLifeInsurance 97,314us-gaap_BankOwnedLifeInsurance
Deferred tax assets 40,629us-gaap_DeferredTaxAssetsLiabilitiesNet 42,692us-gaap_DeferredTaxAssetsLiabilitiesNet 67,997us-gaap_DeferredTaxAssetsLiabilitiesNet
Mortgage servicing rights 21,510us-gaap_ServicingAsset 21,601us-gaap_ServicingAsset 20,925us-gaap_ServicingAsset
Core deposit and other intangibles 47,223ssb_CoreDepositAndOtherIntangibles 49,239ssb_CoreDepositAndOtherIntangibles 57,568ssb_CoreDepositAndOtherIntangibles
Goodwill 317,688ssb_GoodwillAndOtherIntangiblesNet 317,688ssb_GoodwillAndOtherIntangiblesNet 317,688ssb_GoodwillAndOtherIntangiblesNet
Other assets 58,525us-gaap_OtherAssets 71,774us-gaap_OtherAssets 61,715us-gaap_OtherAssets
Total assets 8,021,582us-gaap_Assets 7,826,227us-gaap_Assets 7,990,975us-gaap_Assets
Deposits:      
Noninterest-bearing 1,757,302us-gaap_NoninterestBearingDepositLiabilities 1,639,953us-gaap_NoninterestBearingDepositLiabilities 1,585,055us-gaap_NoninterestBearingDepositLiabilities
Interest-bearing 4,876,355us-gaap_InterestBearingDepositLiabilities 4,821,092us-gaap_InterestBearingDepositLiabilities 5,049,496us-gaap_InterestBearingDepositLiabilities
Total deposits 6,633,657us-gaap_Deposits 6,461,045us-gaap_Deposits 6,634,551us-gaap_Deposits
Federal funds purchased and securities sold under agreements to repurchase 276,774us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase 221,541us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase 254,985us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
Other borrowings 55,003us-gaap_LongTermDebtNoncurrent 101,210us-gaap_LongTermDebtNoncurrent 100,963us-gaap_LongTermDebtNoncurrent
Other liabilities 48,584us-gaap_OtherLiabilities 57,511us-gaap_OtherLiabilities 66,313us-gaap_OtherLiabilities
Total liabilities 7,014,018us-gaap_Liabilities 6,841,307us-gaap_Liabilities 7,056,812us-gaap_Liabilities
Shareholders' equity:      
Preferred stock-$.01 par value; authorized 10,000,000 shares; no shares issued and outstanding         
Common stock - $2.50 par value; authorized 40,000,000 shares; 24,156,759, 24,150,702, and 24,118,243 shares issued and outstanding, respectively 60,392us-gaap_CommonStockValue 60,377us-gaap_CommonStockValue 60,296us-gaap_CommonStockValue
Surplus 702,648us-gaap_AdditionalPaidInCapital 701,764us-gaap_AdditionalPaidInCapital 698,079us-gaap_AdditionalPaidInCapital
Retained earnings 241,526us-gaap_RetainedEarningsAccumulatedDeficit 223,156us-gaap_RetainedEarningsAccumulatedDeficit 179,842us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss) 2,998us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (377)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (4,054)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total shareholders' equity 1,007,564us-gaap_StockholdersEquity 984,920us-gaap_StockholdersEquity 934,163us-gaap_StockholdersEquity
Total liabilities and shareholders' equity 8,021,582us-gaap_LiabilitiesAndStockholdersEquity 7,826,227us-gaap_LiabilitiesAndStockholdersEquity 7,990,975us-gaap_LiabilitiesAndStockholdersEquity
Non-acquired loans      
Loans:      
Loans, gross 3,586,405us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
3,467,826us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
2,979,958us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
Less allowance for non-acquired loan losses (33,538)us-gaap_AllowanceForNotesAndLoansReceivableCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
(34,539)us-gaap_AllowanceForNotesAndLoansReceivableCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
(34,669)us-gaap_AllowanceForNotesAndLoansReceivableCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_NonAcquiredLoansMember
Credit impaired | Acquired loans      
Loans:      
Loans, gross 866,504us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31030LoansMember
919,402us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31030LoansMember
1,113,763us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31030LoansMember
Non-Credit impaired | Acquired loans      
Loans:      
Loans, gross $ 1,247,349us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31020LoansMember
$ 1,327,999us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31020LoansMember
$ 1,512,201us-gaap_NotesAndLoansReceivableGrossCurrent
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= ssb_AcquiredLoansMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= ssb_AccountingStandardCodificationTopic31020LoansMember